Us Deficit 2024 Projection. In cbo’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. The unified deficit and even the cyclically adjusted deficit will approach 6% of gdp within 10 years.

Measured in relation to economic output, deficits during that period are about 50 percent larger than their historical. Read our preliminary analysis here.